684 Score is Tier 4?

684 Score is Tier 4?

I recently applied for a auto loan through Ford credit and was denied because they said my score of 684 put me in tier 4 and that made my payment too high? Does anybody know what Ford's tiers are? 684 seems kind of high for tier 4 to me. After I was denied through them I applied through capital one and was approved instantly with a 36k limit, so I'm going to use them. I was just curious about Ford's tiers, seems like they have pretty high standards.

Re: 684 Score is Tier 4?

The other thing is: Credit score alone does not determine your Tier: Excessive risk in the deal can drop you into lower tiers.

As in rolling large amounts of nagative equity- that can take you straight to Tier 4 regardless of your score. Bad loan history, or previous loan history with lender.

Signature line begins:Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,

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Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.